Moody National Bank Trust Division bought a new stake in shares of Acadia Healthcare Company, Inc. (NASDAQ:ACHC – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 25,063 shares of the company’s stock, valued at approximately $740,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Acadia Healthcare during the first quarter valued at approximately $1,600,000. Goldman Sachs Group Inc. lifted its holdings in shares of Acadia Healthcare by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 698,225 shares of the company’s stock worth $21,170,000 after buying an additional 121,444 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Acadia Healthcare by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,916 shares of the company’s stock worth $10,337,000 after acquiring an additional 27,207 shares during the last quarter. American Century Companies Inc. grew its stake in Acadia Healthcare by 531.5% during the second quarter. American Century Companies Inc. now owns 105,739 shares of the company’s stock valued at $2,399,000 after acquiring an additional 88,995 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Acadia Healthcare by 21.9% during the second quarter. Prudential Financial Inc. now owns 9,903 shares of the company’s stock valued at $225,000 after acquiring an additional 1,780 shares in the last quarter.
Acadia Healthcare Price Performance
NASDAQ:ACHC opened at $32.24 on Thursday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -2.59, a PEG ratio of 10.28 and a beta of 0.64. Acadia Healthcare Company, Inc. has a 1 year low of $11.43 and a 1 year high of $35.83. The business has a 50 day simple moving average of $28.71 and a 200-day simple moving average of $24.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.57 and a quick ratio of 1.57.
Analysts Set New Price Targets
ACHC has been the topic of several research analyst reports. Guggenheim boosted their price target on shares of Acadia Healthcare from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on Acadia Healthcare from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. TD Cowen lifted their price objective on Acadia Healthcare from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Acadia Healthcare in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Acadia Healthcare in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.85.
View Our Latest Stock Report on ACHC
About Acadia Healthcare
Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee. Founded in 2005, the company has grown through organic expansion and strategic acquisitions to establish itself as a leading specialist in mental health and addiction treatment across the United States.
Acadia operates a diversified network of inpatient psychiatric hospitals, residential treatment centers, outpatient clinics and intensive outpatient programs.
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